Real Estate & Construction

When it comes to trust administration, disputes can arise for various reasons. As a trustee or beneficiary, make sure you know how to handle these conflicts effectively to ensure the smooth operation of the trust and maintain healthy relationships among the parties involved. An Illinois lawyer can help you with some strategies for navigating trust administration disputes.
Understand the Root Cause of the Conflict
The first step in resolving any trust administration dispute is to identify the underlying issue. Common causes of conflicts include:

  • Disagreements over the interpretation of trust terms
  • Concerns about trustee’s actions or decisions
  • Disputes between

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If you are a homeowner in Illinois facing foreclosure, you may be considering a consent foreclosure as an alternative to the traditional judicial foreclosure process. An Illinois real estate lawyer can share some insights on the benefits and consequences of this approach to help you make an informed decision.
What is a Consent Foreclosure?
A consent foreclosure, also known as a “deed in lieu of foreclosure,” is an agreement in which you, the borrower, voluntarily transfer the property’s title to the lender to avoid the lengthy and costly judicial foreclosure process. This arrangement can benefit both parties, but it is
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The housing market crash of 2008 left many Illinois homeowners “underwater” on their mortgages, owing more than properties were worth. In this situation, some borrowers may consider a “strategic default” – intentionally stopping mortgage payments even if they can afford them. But what exactly is a strategic default, and what are the potential consequences for borrowers? An Illinois lawyer can help you take a closer look at strategic loan defaults and what you need to know.
What is a Strategic Loan Default in Illinois?
A strategic loan default, also known as a strategic default or voluntary foreclosure, is
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While independent parties continue to challenge the application of the CTA to condominium and homeowner associations, it still appears to apply. We recommend that associations hold off on its reporting requirements as we continue to obtain further clarity on the CTA as it seems to be an ever-evolving statute. To that, new guidelines for compliance were issued on April 18, 2024. This involves a nationwide database of beneficial ownership (i.e. board members, as board members exercise substantial control over reporting company/association). Further, a reporting company may provide a FinCEN identifier (“FinCEN ID”) instead of the beneficial owner’s personal information when filing. This allows board
Continue Reading Quick Update on the Corporate Transparency Act: Do Condos and HOAs Have to Comply?

Receiving foreclosure papers can be a frightening and overwhelming experience for any homeowner. However, remember that being served with foreclosure papers does not mean you will automatically lose your home. Understanding the process and taking the right steps can protect your rights and potentially save your home. An Illinois lawyer can guide you through what to do in this challenging situation.
Do Not Ignore the Foreclosure Papers
The worst thing you can do when served with foreclosure papers is to ignore them. In Illinois, you have 30 days from the date of service to respond to the complaint. Failure to
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One of the most beneficial things you can do for your estate is to make sure it is ready for any unforeseen health emergency. Proactive estate planning ensures that your preferences are honored and your family is supported in challenging times. An Illinois lawyer can help you with the essential components of estate planning and offer guidance on preparing for unforeseen events.
Make Your Wishes Known to Your Advance Directives
One of the most important aspects of estate planning is creating advance directives. Illinois has two main types of advance directives: a healthcare power of attorney and a living will.
Continue Reading Preparing Your Estate for Unexpected Health Crises

The foreclosure process can be confusing and overwhelming for homeowners facing financial hardship. An Illinois attorney focused on real estate and foreclosure law can provide some guidance on the steps in the foreclosure process and your options as a homeowner.
Understanding the Foreclosure Timeline
The foreclosure timeline lays out the sequence of events from initial default on your mortgage through to a foreclosure auction of your home. This process is governed by Illinois law and real estate regulations. Some important milestones are the following:

  • Notice of default: The first step after you miss payments. The lender sends you written notice

Continue Reading Navigating the Foreclosure Process in Illinois

As previously reported, new reporting requirements under the Corporate Transparency Act (“CTA”) went into effect in January 2024. These changes require certain corporate entities (including condominium and homeowner associations) to provide personal details of the individuals who exercise control over the company (i.e. members of the board of directors). In response to these new requirements, the National Small Business Association filed a lawsuit against the U.S. Treasury Department contending that these new reporting requirements are unconstitutional because they infringe on protected rights of state sovereignty, privacy and due process.

On March 1, 2024, U.S. District Judge Liles C. Burke
Continue Reading Update to the Illinois Corporate Transparency Act: Do Condos and HOAs Have to Comply?

We are pleased to invite you to our upcoming virtual Tressler Talk:Tressler Talks: Important Nuances in HOA Collections, Foreclosures and BankruptciesTuesday, March 5, 20242:00pm-3:00pm CT WebinarJoin Tressler’s experienced attorneys for this complimentary Illinois HOA board and property management training. Get ready for some cringe-worthy true stories from our popular presenters! Attendees will come away with a deeper understanding of the complex relationships between Illinois law, the board’s fiduciary obligation and the community manager’s role in the legal process. 1.0 Hour of CAMICB Credit is currently pending. 

Register Now:

View Event Website:

Meet Our Speakers:

Kathryn FormellerPartner
Continue Reading Tressler Talks: Important Nuances in HOA Collections, Foreclosures and Bankruptcies

Did you tune in to “The HomeBuyer’s Hour” radio show? Whether you’re a seasoned investor or a first-time homebuyer, the insights shared by legal expert Patrick Loftus and mortgage guru Joey Matthews are invaluable for navigating the ever-evolving real estate market. Let’s delve into some key takeaways and equip you with strategies to thrive in this dynamic environment.
Pre-Approval: Your Competitive Edge
As Joey emphasizes, securing a pre-approval is no longer a suggestion, it’s a necessity. In a market with limited inventory and fierce competition, having your financing lined up demonstrates seriousness and strengthens your offer. Remember, pre-approval doesn’t lock
Continue Reading Strategies for Thriving in the Real Estate Market and Tips for Success

The recent episode of “The HomeBuyer’s Hour” tackled several crucial topics for buyers navigating the current market. From rising interest rates to the complexities of co-ownership, Charlie Bal Fontaine, Patrick Loftus, and Joey Matthews offered insightful advice and essential considerations. Let’s explore the key takeaways:
Act Now: Rates Are on the Rise
Joey emphasizes the urgency for potential buyers to secure their dream home. With interest rates steadily climbing and a limited inventory, procrastination can lead to missed opportunities. Don’t wait for the perfect moment – act now and capitalize on the still-favorable borrowing climate.
Beyond Single-Family: Exploring Multi-Family Investments
Continue Reading Strategies for Thriving in Today’s Dynamic Market: Key Tips for Success | The HomeBuyer’s Hour

Investing in real estate can be a powerful wealth-building tool, but navigating the process requires knowledge and strategy. In the latest episode of “The HomeBuyer’s Hour” on WCPT AM820, host Fontaine brought together seasoned experts Luminita Isas (real estate investor and developer), Patrick Gles (real estate attorney), and Joey Matthews (VA loan expert) to demystify the world of investing, specifically focusing on opportunities for veterans through VA loans. Let’s unpack the key takeaways:
Numbers & Cash Flow: Your Investment Compass
Luminita emphasizes the importance of crunching the numbers before diving in. The goal is to find a property where 75%
Continue Reading A Guide to Successful Real Estate Investing Strategies | The HomeBuyer’s Hour

Navigating the real estate market requires trust, transparency, and accurate information. In the latest episode of “The HomeBuyer’s Hour,” Dennis Hike (mortgage educator), Patrick Loftus (real estate attorney), and Joey Matthews (VA loan expert) shed light on crucial topics like VA loan requirements, current interest rates, and the importance of creditworthiness. Let’s unpack the key insights:
Trust & Accuracy: The Foundation of Success
The episode opens with a strong emphasis on building trust with clients through truth and accuracy. This ensures smooth transactions, informed decisions, and ultimately, satisfied clients.
Engaging Communication in the Digital Age
Dennis uses a fun challenge
Continue Reading Building Connections of Relationships in the Real Estate Industry | The HomeBuyer’s Hour

Feeling overwhelmed by the housing market? You’re not alone! But fret no more, because “The HomeBuyer’s Hour” is here to guide you through the ins and outs. This show isn’t just about endless real estate chatter – it’s about empowering you to make informed decisions every step of the way.
Knowledge is Power: Educational Focus & Expert Guidance
The show is bringing in real estate agents monthly to delve into topics like picking the right team, navigating divorce-related transactions, and even tackling chimney inspections. This educational approach ensures you’re equipped with the knowledge to confidently navigate the market, regardless of
Continue Reading What’s Blooming in the Market for Buyers and Sellers | The HomeBuyer’s Hour